Fixed Asset

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Related to Long-Lived Assets: Fixed asset, tangible assets

Fixed Asset

Property, such as machinery or buildings, utilized in a business that will not be used or liquidated during the current fiscal period.

References in periodicals archive ?
5 million) including a non-cash impairment charge on long-lived assets of RMB3,804.
34 billion yen in write-downs on long-lived assets as well as 10.
The project's primary goals were to develop one accounting model, based on the framework established in Statement 121, for disposing long-lived assets by sale and to address significant implementation issues.
Another benefit should be an increase in consistency and comparability due to the uniformity that SFAS 121 brings to the calculation of the impairment of long-lived assets.
The accounting literature has always suggested that under certain circumstances it is appropriate to recognize a loss on "overvalued" long-lived assets and reduce their carrying amounts to some lower amount.
1], which excludes goodwill impairment, impairment of long-lived assets and the deferred tax asset valuation allowance adjustment, was $1.
An SPE is created for a specific purpose or transaction and does not have the elements of a normal operating company, such as employees and long-lived assets.
COMPANIES MUST PRESENT LONG-LIVED ASSETS HELD for sale separately in the financial statements and not offset them against liabilities.
The accounting model for long-lived assets to be disposed of by sale applies to all long-lived assets, including discontinued operations, and replaces the provisions of APB Opinion No.
It also proposes to add another new Item 302(d) of Regulation S-K to elicit certain information concerning tangible and intangible long-lived assets and related accumulated depreciation, depletion and amortization.
Accounting for impairments of long-lived assets is an area virtually devoid of authoritative guidance.
Second quarter 2009 results also include a $4 million charge for impairment of long-lived assets compared to an impairment charge of $9 million in the second quarter of 2008.